Contango Asset Management (ASX:CGA) - CEO, Martin Switzer
CEO, Martin Switzer
Sourced: Contango Asset Management
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  • Contango Asset Management (CGA) has signed new partnerships with a boutique investment manager and an asset management business
  • CGA said the deal with investment manager will see it launch a wholesale managed fund and distribute the manager’s strategies to wholesale and institutional clients
  • The company has also begun working with Vantage Asset Management to promote the Vantage Private Equity Growth Fund via its direct wholesale investment platform
  • Contango believes the new deals in the alternative asset and private equity asset classes will build on its success, with the Vantage agreement to net $160,000 in revenue
  • Company shares are trading at 95 cents each

Contango Asset Management (CGA) has signed new partnerships with a boutique investment manager and an asset management business.

The ASX-listed fund manager, which runs a marketing and distribution platform, provided an update on its strategic priorities on Thursday.

It first advised that it had inked a deal with a new Australian domiciled boutique investment manager, set to be established in the alternative asset class.

Under this partnership, CGA will work with the manager to launch a wholesale managed fund and distribute the manager’s strategies to wholesale and institutional clients.

Contango said more details regarding the partnership will be made available in early 2022.

Meanwhile, the ASX-lister also revealed that it has begun working with Vantage Asset Management to promote its Vantage Private Equity Growth Fund.

The asset manager provides private equity investment opportunities for sophisticated investors, while this particular fund was established for investors seeking access to later expansion and buyout private equity funds.

Contango will promote Vantage’s fund for a limited time through its own direct wholesale
investor platform, resulting in expected revenue of $160,000 for FY22.

CGA added that both deals in the alternative asset and private equity asset classes will build on its established success distributing global equities products managed by WCM Investment Management.

WCM, which partnered with Contango back in 2017, has roughly $1.183 billion in retail and wholesale funds under management in Australia.

Contango Asset Management shares are trading at 95 cents each at 11:30 am AEDT.

CGA by the numbers
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